Management and Organizational Studies 1021A/B Chapter Notes - Chapter 4: Human Capital, Job Sharing, Employment Agency

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 1021A/B
• Professor: Ian Dunn

Document Summary

Chapter 4 human resource planning, recruitment, and selection. Strategic plans are broader, longer in time frames (2-3 yrs), provide overall direction, and apply to the entire organization. Human resource planning: process that the people required to run the company are being used as effectively as possible, where and when they are needed, in order to accomplish the organization"s goals. (a. k. a. manpower or employment planning) In essence, right people in right jobs at right time. Hr planning is aligned to ensure the objectives are met because strategic planning involves the allocation of resources (incl. human capital). The line manager needs to make plans for business objectives and necessary staff. Succession planning involves businesses focusing on training and development programs so that they can develop leaders for the future. Shifts in composition of labour force require that managers become more involved in planning their staffing needs. This is because the changes affect employee recruitment, methods of employee selection, training, compensation, and motivation.